Futures Lower As Trade Issues Front And Center
In After Hours Trading
IPOs 5 on deck this week. Secondaries of note .
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES CASY +.23. FLAT: MISSED: MATX -.04 SONS -.30.
Lower Guidance: .
Mixed Guidance: .
Positive Guidance: .
What's Happening This MorningU.S. futures: S&P -8, Dow Jones -118, NDX -22 and Russell 2000 -4.50 with fair values lower reducing losses. Asia higher and Europe lower.
Gold flat with silver and copper lower. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price 119.53 with yields higher since last Friday. Prices as of 7:05 a.m. EDT.
Top Sectors Conglomerates and Technology.
Weak Sectors Materials.
One month winners Healthcare,Consumer Goods, Services and Technology.
Three Month Winners Healthcare, Consumer Goods, Services and Technology.
Six Month Winners Conglomerates, Services and Technology.
One Year Winners All except for Utilities.
Year To Date Conglomerates, Healthcare and Services.
Earnings ExpectedEarnings due after the close (by avg. trade volume): FARM.
Earnings due Wednesday morning: none of note.
Rags & Mags: Inside Wall StreetHedge fund manager Ray Dalio says economy is in the 7th inning of the current cycle. (CNBC)
Mandatory evacuations for millions in the Carolina. (AP)
Former Tesla (TSLA) bull at Nomura says company no longer investible thanks to Elon Musk's behavior. (Bloomberg)
The rise and fall of CBS CEO & Chairman Leslie Moonves. (NYT)
U.S. and allies may strike Syria. (WSJ)
CNN and major networks/cable to cover 9/11 observances.
Reported Earnings This MorningReported This Morning: SURPRISES . FLAT: MISSED: FRAN -.03
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: GIII.
Positive Guidance: NAV.
Yesterday saw 1754 stocks rise and 1107 fall on the NYSE. NASDAQ saw 1577 rise and 1418 fall.
The SP 500 is above its 50 day exponential moving average and is above its 200 day exponential moving average. The Russell 2000 is above its 50 day moving exponential average and is above 200 day exponential moving average.
The 10 day spread moving average of breadth is now a buy. The Madison Market Timing Indicator is still invested.
YTD 55% of stocks are higher and 45% are lower. Updated 8/31/18 close.
EconomicsNFIB Small Business Optimism Index came in at 108.80 from 107.9 this morning.
JOLTS Job Openings are due out at 10:00 a.m. EDT and last month came in at 6.62 million.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, ALNY KMT HPQ DOV NXPI PNW .
Morgan Stanley Healthcare Conference.
Credit Suisse Global Steel and Mining Conference.
Raymond James North American Equities Conference.
Conference of NoteThe Annual ECIM International E&P Data and Information Management Conference and User Meeting.
Gartner Security & Risk Conference.
M & A News
Key Upgrades and Downgrades
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